General Investing >> Money Manager Interviews >> October 31, 2011

Long-only Investing In U.s. Large Caps – William Smead – Smead Capital Management

Smead, William
William Smead is Chief Investment Officer and Portfolio Manager for Smead Capital Management. He is the final decision-maker for investment and portfolio decisions and is responsible for reviewing the implementation of those decisions in the firm’s separate accounts and mutual funds. Prior to founding Smead Capital Management in 2007, he was the Managing Director/Portfolio Manager of Smead Investment Group of Wachovia Securities. Previously, he was with Smith Barney and Oppenheimer & Co. He began his career in the investment business with Drexel Burnham Lambert in 1980. He received a B.A. degree in economics from Whitman College. Profile
TWST: Please start with a brief history and overview of Smead Capital Management.

Mr. Smead: We're a 4.5-year-old company that was started after I began managing money for larger firms back in 1993. I